Department of Economics, Bryan School of Business & Economics The University of North Carolina at Greensboro ECO 523-01: TOPICS IN PUBLIC POLICY Mondays, Wednesdays, & Fridays 1:00 pm – 1:50 pm 117 Bryan Building FALL 2013 INSTRUCTOR INFORMATION Dennis Patrick Leyden – 460 Bryan Building, dpleyden@uncg.edu, 256-8558. Office hours: Almost any time during normal working hours, M-F is possible. I am available for individual and group meetings. Contact me about getting together. FOR WHOM PLANNED This course is intended primarily for upper-division undergraduate students interested in learning how to do economic public policy analysis. ACADEMIC CREDIT 3 semester hours of academic credit. This course is both writing intensive (WI) and speaking intensive (SI). PREREQUISITE ECO 301: Intermediate Microeconomic Theory CATALOG DESCRIPTION Examination of market failure, public goods, economic efficiency, and income incidence, allocative effects, and public policy. LEARNING OBJECTIVES This course provides students with an introduction to the conduct of public policy analysis with an emphasis on the microeconomics perspective. Students who successfully complete this course will: Formulate economic policy questions within the context of a broader ethical purpose. Construct reviews of the economic literature that are relevant to answering economic policy questions. Construct economic theories that address economic policy questions. Use economic theories and empirical evidence to answer economic policy questions. Communicate in writing and orally the result of economic research in a clear, coherent, effective, and consistent with standard forms of communication used by economists. READINGS & OTHER RESOURCES Required readings for this course include the following books: Leyden, Dennis P. (2012). Critical Thinking in Economics, 2nd edition. Charlotte, NC: Kona. Munger, Michael C. (2000). Analyzing Policy. New York: W. W. Norton. Sandel, Michael J. (2010). Justice: What’s the Right Thing to Do? New York: Farrar, Straus and Giroux. PAGE 1 ECO 523-01 SYLLABUS FALL 2013 Additional material necessary to successfully complete the course is located on the course Blackboard website. To access that site, go to blackboard.uncg.edu and log in. Note that you must be registered for the course in order to have access to the course’s Blackboard site. CONDUCT OF THE COURSE The purpose of this writing-intensive and speaking-intensive course is to help students improve their ability to engage in independent economic policy research and communicate the results of that research in a professional manner. The structure of this course is dramatically different from a typical course. While there will be some lectures, student participation is not only required by the University by virtue of the course being a writing-intensive and speaking-intensive course, it is absolutely crucial for success. The emphasis of the course will be on in-class discussions and presentations in which students and the instructor will work together to develop economic research and communication skills. As required of all University writing-intensive and speaking intensive courses, this course will have both informally and formally graded writing and speaking assignments. Finally, the course will include a comprehensive final examination. Students will be provided with feedback about their writing and speaking assignments and will be expected to use such feedback to improve later writing and speaking assignments. To be successful in this course, students need to read assigned material ahead of time, be willing to share their thinking and work – however incomplete – with the class, and be willing to support fellow students through both praise and criticism of their work. FACULTY AND STUDENT GUIDELINES Each student is required to sign the Academic Integrity Policy on all major work submitted for the course. Refer to UNCG Undergraduate Bulletin/Graduate Bulletin or: http://sa.uncg.edu/dean/ In addition, the Bryan School Faculty Assembly and the Bryan School Student Advisory Council have adopted a set of Faculty and Student Guidelines that defines expected behavior for both faculty and student. For more information about these Guidelines consult: http://bae.uncg.edu/students-resources/ EVALUATION & GRADING Listed below are the various formally and informally graded assignments. Formally graded items are graded on a 100 point scale with each letter grade range being 10 points. Informally graded items are graded using a ± system, with a minus indicating less than satisfactory work and a plus indicating especially meritorious work. At the end of the semester, a weighted average (weights listed below) of the formally graded items is calculated, rounded to two decimal places, and the grade converted to a letter grade with the top third of each 10-point letter-grade range being awarded a plus and with the bottom third of each 10-point letter-grade range being awarded a minus. Then the informally graded items are evaluated to determine whether an adjustment in that course letter grade is warranted before assigning the final course grade. The complete list of assignments follows: Paper Topic Assignments Assignment 1 .......................................................................................... ± system Assignment 2 .........................................................................5% (formally graded) Reports Positive Perspectives............................................................................... ± system Normative Perspectives .......................................................................... ± system Problems & Limitations .......................................................................... ± system Oral Report 1 .......................................................................................... ± system Oral Report 2 .......................................................................................... ± system PAGE 2 ECO 523-01 SYLLABUS FALL 2013 Initial Model Draft ..........................................................................5% (formally graded) Bibliography Assignments Assignment 1 .......................................................................................... ± system Assignment 2 .........................................................................5% (formally graded) Speaking Center Consultation(s)...................................................................... ± system Term Paper Assignments Complete Paper (1st Draft) ...................................................15% (formally graded) Presentation ..........................................................................25% (formally graded) Complete Paper (Final Draft)...............................................30% (formally graded) Final Examination .........................................................................15% (formally graded) Informal assignments that are not completed will receive a zero; informal assignments that are completed after they are due will receive a zero or check-minus at the discretion of the instructor. Formally-graded written assignments that are turned in late will receive a 10-point deduction for every calendar day that they are late (measured in 24 hour increments from the due date and time). The formally-graded presentation will receive a 20-point deduction for every calendar day that it is late. Finally, there is in general no ability to reschedule the final examination and students who miss the final examination will receive a zero. The only exceptions to this policy are: Students with three final examinations within a 24-hour period may apply to the University Registrar's Office for permission to change their examination schedules. All requests for changes in examinations must be filed with the University Registrar's Office by 5:00 pm on Reading Day. Students who, due to extreme circumstances that are beyond their control, cannot take the final examination at the scheduled time and date may petition to have the final examination rescheduled. In such circumstances, students should contact the instructor as soon as possible and provide tangible evidence to support the claim that there is a conflict that is due to extreme circumstances that are beyond their control. Examples of situations that are generally not justifications for rescheduling the final examination include conflicts with other courses that do not follow the prescribed final examination schedule, conflicts with work schedules, and conflicts with end-of-semester travel arrangements. ASSIGNMENTS Special note: Additional details about each assignment will be provided in class and/or on the course Blackboard site. Paper Topic Assignments – To aid in the development of a clearly focused paper topic, students are required to draft a paper topic and provide supporting material to explain and justify that choice (Assignment 1). Then, after further reading, discussion, and consideration of that topic, students are required to revise their paper topic and again provide supporting material to explain and justify that choice (Assignment 2). Both paper topic draft assignments should be typed using the template MSWord file that is provided on the course Blackboard site, should be submitted in hardcopy form, and are due at the beginning of class on the day assigned. Reports – At various times during the semester, students will be required to (1) reflect on how course material will be used in writing their papers and (2) share a critical evaluation of the state of their paper. Due dates are noted in the course calendar. For written reports, students are required to use the associated template MSWord file. For oral reports, students should refer to guidelines on the course Blackboard site. Bibliography Assignments – To aid in the development of a relevant set of references that will be useful in completing the term paper, students are required to draft an annotated bibliography, that is, a list of references along with supporting material to explain and justify that list (Assignment 1). Then, after further reading, discussion, and consideration of their paper and its needs, students are required to PAGE 3 ECO 523-01 SYLLABUS FALL 2013 revise their annotated bibliography, again providing supporting material to explain and justify their choices (Assignment 2). Both annotated bibliography assignments should be typed using the template MSWord file that is provided on the course Blackboard site, should be submitted in hardcopy form, and are due at the beginning of class on the day assigned. Speaking Center Consultations – Students are required to take part in at least one Speaking Center Consultation with the UNCG Speaking Center and provide documentation of that process by the beginning of class on the due date. Because speaking, like writing, improves with repeated efforts and reflection, students that do more than one Speaking Center Consultation have the opportunity to earn a check-plus. Term Papers – Students are required to research, write, present, and revise a 2500-3750 word paper (approximately 10-15 page double-spaced paper). Be sure to note that word count excludes the paper’s cover, references, diagrams, etc. The paper should have the structure described in class. The first draft of that paper must be submitted electronically using SafeAssign on the course Blackboard site by date and time noted below in the course calendar. A schedule of who is to present on which day will be arranged ahead of time. Presentations based on the paper should be 15 minutes, and presenters should be able to discuss their paper in further detail. Finally, a revised, final draft of the paper based on feedback from the class and the instructor should be submitted electronically using SafeAssign on the course Blackboard site on the date and time noted below in the course calendar. Final Examination – The final examination will be comprehensive and will test students’ knowledge and abilities in two areas: their knowledge of previously assigned reading material, and their knowledge of their term paper and the process used in writing the paper. TOPICAL OUTLINE & CALENDAR The calendar below provides an outline of course activities along with the associated readings and assignment due dates. If the University cancels class, check the course Blackboard site for information about rescheduling. However, be sure to note that any assignment due on-line on the day the University cancels classes will continue to be due as originally assigned. Classroom Activity AUG 19 Introduction (Leyden 1) Assignments (due at beginning of class unless otherwise stated) Students should review the course Blackboard site, read the syllabus, and the first chapter of Critical Thinking in Economics. Start thinking about possible research topics. Nothing needs to be turned in. However, students are encouraged to talk with each other to get their creative juices flowing. AUG 21, 23 What is Economic Policy Analysis? (Leyden 2; Munger 1, 2) AUG 26, 28 Research Topics Paper Topic Assignment 1– AUG 26 Tools of the Policy Analyst - Introduction (Leyden 3) Paper Topic Assignment 2 – AUG 30 AUG 30 PAGE 4 ECO 523-01 SYLLABUS FALL 2013 SEP 4, 6, 9, 11, 13 Tools of the Policy Analyst - Positive Perspectives (Munger 3, 6, 9, 10) SEP 16, 18, 20, 23 Tools of the Policy Analyst – Normative Perspectives (Leyden 3; Munger Ch 3, 4, 7; Sandel 1, 2, 3, 6, 8, 9 Positive Perspectives Report – SEP 16 SEP 25 Tools of the Policy Analyst - Problems & Limitations (Munger 5, 6, 8; Sandel 4, 10) Normative Perspectives Report – SEP 25 SEP 27 How to Do Research – Overview (Leyden 4, 5) Problems & Limitations Report – SEP 27 SEP 30; OCT 2, 4, 7 How to Do Research – Developing Your Model (Leyden 4; Varian) OCT 9, 11 NO CLASS (Free time to work on model & compensation time for speaking center visits) OCT 16, 18, 21, 23 OCT 25, 28 How to Do Research – Using the Literature (Leyden 4) Initial Model Draft – OCT 16 Bibliography Assignment 1 – OCT 18 Bibliography Assignment 2 – OCT 23 Structuring Your Paper and Presentation Oct 30; NOV 1, 4, 6, 8, 11, 13 Research Analysis (Leyden 5) Speaking Center Report(s) – NOV 13 Oral Report 1 - TBA Oral Report 2 - TBA st Complete Paper (1 Draft) due NOV 14 by 11:00 pm. Submit on-line using SafeAssign. NOV 15, 18, 20, 22, 25; DEC 2 Conference Paper Presentation – TBA DEC 4 Final Exam (3:30-6:30 pm) DEC 6 Complete Paper (Final Draft) due DEC 6 by 5:00 pm. Submit on-line using SafeAssign. PAGE 5